the latest development in the Communist Party of China's campaign for common prosperity, which is focused on reducing income inequality and improving the standard of living for all citizens. As part of this campaign, the party has now set its sights on big bankers, with anti-corruption officials calling on them to eliminate certain attitudes and behaviors that are seen as detrimental to achieving the goal of common prosperity.
The commentary by anti-corruption officials specifically targets what they describe as "financial elitism," which refers to the perception that certain individuals or groups in the financial sector consider themselves to be superior to others. The officials also call for the elimination of the "worship of wealth," which refers to the excessive focus on accumulating personal wealth and material possessions, often at the expense of others. Finally, the commentary also urges the elimination of the "reverence for the West," which refers to the perceived preference for Western-style capitalism and economic models over those developed within China.
The article suggests that this latest move by the Communist Party of China is part of a broader effort to reshape the country's financial sector and create a more equitable and inclusive economy. It also reflects the party's growing emphasis on social and economic issues, as it seeks to address some of the challenges that have arisen as a result of China's rapid economic growth and development in recent decades.
Overall, the article highlights the ongoing evolution of China's political and economic landscape, as the country continues to grapple with the complex issues that arise from its status as a major global power.
